Skip to main content

tv   Countdown to the Closing Bell  FOX Business  February 21, 2013 3:00pm-4:00pm EST

3:00 pm
will help fix it, with our $1 million service guarantee. don't wait until you become the next victim. you have so much to protect and nothing to lose when you call lifelock now to get two full months of identity theft protection risk free. that's right, 60 days risk-free. use promo code: gethelp. if you're not completely satisfied, notify lifelock and you won't pay a cent. order now and also get this shredder to keep your documents out of the wrong hands-- a $29 dollar value, free. get protected now. call the number on your screen or go to lifelock.com to try lifelock protection risk free for a full 60 days. use promo code: gethelp. plus get this document shredder free-- but only if you act right now. callhe number on your screen now! ♪ cheryl: countdown to the
3:01 pm
countdown. game on. sony announces playstation four. it has a new controller and links to facebook. is this the answer to microsoft's xbox? we will talk to the guy who runs sony's playstation. industries make fertilizers that help farmers plant more corn. cf industries ceo tells us how that is the bottom line. it is a fox business exclusive. odyssey marine and exploration could make the largest metal recovery ever. "countdown to the closing bell" starts right now. ♪ cheryl: i am cheryl casone. it is the last hour of trading. stocks are down for the second day in a row.
3:02 pm
it is all about the fed. concerns about the punch bowl being taken away sooner rather than later. the dow is down 52 points right now. losing gains for the month. you have the s&p also lower. biggest drop since november of last year. you have the nasdaq down 34 points right now. a lot of our points are being erased right now for the month. we shall see what this last hour brings us as we countdown to 44:00 p.m. eastern time. most of the dow 30 is in the red. there are some green names, though. boeing is one of the few bright spots. in terms of sectors. industrials. they are notably weak today. caterpillar. other industrial stocks actually losing ground here.
3:03 pm
to a global losing than 4% right now. the same thing happened with basic materials stocks. aluminum maker alcoa. down more than one quarter of a percent. these companies trading down to the negative. i just mentioned it. it is on the big board there. walmart. take a look. 70.69. the stock is up almost $1.50 right now. they had a baby in the fourth quarter. another ugly day for the bold right now. stocks have now lost their games for the month of february. does this mean a correction is now underway? let's have a right to the floor show. first to jonathan for the stock
3:04 pm
show. talk to me about the fear gauge right now. it is fitting new highs. what is going on here. >> clearly, that is a gauge that we watch both when the markets are moving up and down. the sentiment is very much on edge. last time we were down 100 points. the next day the market came back and we were up 100. what does that really mean? i do not think you can really look into it too deep at this point. we need some real momentum. multiple sessions that are showing significant volume and pressure on the market. cheryl: this is the biggest one we have jumped. since november 2011. it was a rough time. for the markets. do you think we are kind of
3:05 pm
going back to that day in time or is this a short-term situation? >> i think this is a short-term situation. i do not think we are there just yet. economic data has been kind of iffy and cautious moving forward. we do have earnings season moving forward. i do not think that the fear is back into this market right now. dennis: all right. let's go over to the cme. i want to get a sense of what you are watching. at this point, all-time highs. now, kind of this pullback. are we that sensitive again? >> we have had a pretty amazing the last day or two. keep in mind, it has only been a today's.
3:06 pm
if we go back and actually break through, i think we could actually have something to the downside here. the fundamentals have been slightly negative the last week, week and a half. we have not really put the concern on this march 1, sequestration, that we probably should have. cheryl: it is only february, but this is a pal for the rest of the year. i want to go over to the imax. jonathan, we are obviously watching the oil market. you have the markets around the world seeming to stabilize. you continue to see pressure. is something else going on here? >> i think it is a combination of things. we have the storage number, today. there was some tension, you know, with chiron. in addition, we have seen
3:07 pm
volatility in crude pick up a little bit and firm up, for the most part. cheryl: interesting. obviously, the iran story -- if we get back into this range, if we get back, jonathan, as we go into the summer months, if we go above 100, what does that say to you? >> it says that the economy must be strong or we have real strong tensions in the middle east again. the economy getting stronger is the more likely scenario. cheryl: gentlemen, thanks to all of you. i appreciate it. thank you for being on our floor show. sony playstation four will be available in 2013. playstation4 features new graphics, social and mobile
3:08 pm
technologies and a new controller. the only thing missing is the playstation four from last night unveiled. joining me now is the ceo and president. >> i did not know how excited people would be about a hunk of plastic. cheryl: did you do that on purpose, though, to not show? >> i guess, you know, it is something we really did not focus on that much. you look at the machine when you put the disc in and made you look at the screen. shame on us. cheryl: next launch, have the consul ready. the ps3 faced a lot of criticism because of its price. will you price this will lower? kind of get some consumers back, if you will. >> i think we are very conscious of the price evaluation.
3:09 pm
if you look at the playstation three today, it is $249. the price savings are passed on to the consumer. cheryl: you do not know if we will see another $600 playstation4? >> we do not know yet. cheryl: let's talk about different things that have changed a little bit. people want to play interactively with their friends around the world. are you finally in a space to compete head to head with the likes of microsoft and xbox? >> i think we have been there for quite some time. we make smart phones, we make tablets, we make tvs. we are the center of the entertainment business. now, with the playstation, there will be a constant connection to the playstation four. cheryl: what you think is the key thing here to keep gamers
3:10 pm
interested in these games? in particular, that young gamer? is it the games themselves? is it how it is delivered? >> the overall definition of gamer is changing greatly. there are now a billion people worldwide that called themselves gamers. we see smart phones and tablets as being really additives to that equation. cheryl: you have the move controller. that is similar to the xbox connect. it is motion sensitive. motion activated, if you will. do you think there is a way that you can make this new playstation different from those
3:11 pm
technologies that are already on the market? >> there is no question about it. we have been five years in the making. we are asking consumers what they want. they have an ability to sample games like they have never done before. there will really be a social interaction that has never been seen before. plus, you will have the most powerful console that has ever been created. the stock is down about 20% in the last year. at the same time, i think those guys get a lot of pressure. someone has to come up with every new piece of technology. things are changing in weeks, not month at this point when it comes to tech. how do you keep ahead of that. where do you think you go in the next few months? >> one of the things i am very proud of is the leadership. my former boss is now president
3:12 pm
of the corporation. throughout the organization we have a real gamer corporation that has really driven the success. i think it comes down to a question of technology. cheryl: one of the things that i thought about when you did not reveal the consul, you know what, some people probably do not want a console anymore. we are all going wireless. we do not want boxes in our groups. it is all about smaller, cleaner , dated. >> it could be a very small smart phone application. cheryl: my favorite game is yoga. great to have you in the studio. please come back to fox business. closing bell is going to ring. we now have 49 minutes to go.
3:13 pm
did you ever wonder what happened to the heart of the ocean necklace from the last scene of the titanic pressure mark well, odyssey arena and exploration is finding even better treasures under the sea. the company made a lot of news last summer when they found a wreck off the coast of ireland. there was some other serious metal down there. 48 tons of silver. how about that? what else is under the sea? we will ask the chief operating officer of odyssey. we will be right back. ♪
3:14 pm
3:15 pm
today is gonna be an important day for us. you ready? wanna be our brother's keeper. what's number two we wanndo? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers.
3:16 pm
3:17 pm
cheryl: our power who mover of that power is actually plunging. down more than $13. one analyst downgrading on top of another analyst downgrading. in the meantime, the competitors
3:18 pm
square at the market. one analyst said simply at a loss to explain. investors have filled up on some grocery store chains, especially safeway. nicole petallides is standing by on the new york stock exchange. see 20 both hitting annual highs. let's take a look first at safeway. safeway is the one with the real news about the quarterly numbers about the customer loyalty programs. you have the executives from the company talking about the customers becoming increasingly more loyal. we did have safeway. that analyst estimates for the quarter. as a result, you are seeing it up about 12%.
3:19 pm
the big picture is when you beat the street and sees same-store sales on a rise. obviously, a great day for both of those names. as far as the dow, to the downside. cheryl: all right, thank you very much. it sounds like the plot of a pilot movie. it is realized. 48 tons of silver were found on a sunken cargo ship sitting more than 15,000 feet deep in the north atlantic. that is just one of odyssey's projects. what is next? i am joined now by mr. gordon. you are becoming quite the celebrity now. has it been good for the company? >> it has. it has been great. a lot of people have no real concept. now, everyone knows.
3:20 pm
cheryl: 48 tons of silver were found. the first thing, i think, on everyone's mind, how much silver or gold is sitting on the oceans floor? >> we are going back this spring to get the rest. there are billions of dollars worth of stuff down there. cheryl: i mentioned a tv show. february 208 at 8:00 p.m. you will go back to the site and look for more. overall, are you now canvassing the world, if you will? how do you do that bush and mark how do you know where the boats have sunk? >> we start with research just like financial analyst do. we have a dual screen that we are working to.
3:21 pm
cheryl: you also have a project you are working on off the coast of the uk. >> correct. cheryl: i hope gold prices go higher for your sake. obviously, the cost, the exploration costs, the research cost, the manpower cost, you are a publicly traded company. do you feel the way, if you will, between having to balance? how do you balance? >> it is tough. you cannot really forecast smoothly. we have investors that understand that is what they are getting into. we have gotten pretty good at doing this now. cheryl: you also have to deal with governments. dealing with any government is probably not fun.
3:22 pm
how do you navigate that? >> well, some governments are easier than others to deal with. we will get all of our expenses back. a 2080 split. cheryl: we are always looking at the flow of the commodities market. do you keep a close eye on those contracts? >> it is definitely a factor. we think about having the right mix. cheryl: what does that mean? >> there is massive sulfides.
3:23 pm
phosphates is a really exciting extension to the business right now. cheryl: that is energy? >> vicki and ingredient to fertilizer. cheryl: wow. all right. thank you very much. very interesting business. all about farming its fertilizers. cf is also benefiting from all the fracking happening across this country. steve wilson will talk about that. that is straight ahead as the countdown rolls on. ♪ it's a new day.
3:24 pm
if your a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direccontact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, headache, diarrhea, vomiting, and increa in psa. see your doctor, and for a 30-day free trial,
3:25 pm
go to axiron.com. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com.
3:26 pm
otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪
3:27 pm
we all work remotely so this is a big deal, our first full team gathering! i wanted to call on a few people. ashley, ashley marshall... here. since we're often all on the move, ashley suggested we use fedex office to hold packages for us. great job. [ applause ] thank you. and on a protocol note, i'd like to talk to tim hill about his tendency to use all caps in emails. [ shouting ] oh i'm sorry guys. ah sometimes the caps lock gets stuck on my keyboard. hey do you wanna get a drink later? [ male announcer ] hold packages at any fedex office location.
3:28 pm
cheryl: the securities and exchange commission is the latest battleground on whether corporations must make disclosures all political contributions. charlie: i have never seen 500,000 comment letters. apparently, they got 500,000 comment letters on this new potential disclosure rule that they may put out there. people propose something and the sec has to decide whether or not to put it out there. it is not a blog yet. this is what is at least being weighed by the commission. the advocacy groups are pushing. thhy are getting very active in those proxy fights and in the sort of politics around what wall street in the corporations have to disclose. it involves whether or not these companies have to disclose how much money they have given to trade organizations. why do the unions care about this? guess what, the u.s. chamber
3:29 pm
opposes a lot of their political agenda. obamacare was very much lobbied by big labor and by the obama administration. what they have done is they have bombarded the sec with comment letters on this issue. what we understand is ttat the sec in april will be making some determination on where they go with this. it will be the first big regulatory issue that mary jo white, she probably will be confirmed, the question is, does she go for this? this is a huge issue for corporate america. listen, corporations make a lot of disclosures. you give money to aipac, you have to disclose how much. what they do not have to disclose is how much money they give to their trade organization. here is the endgame here. if dell gives 5 million to the u.s. chamber and the u.s.
3:30 pm
chamber spends 20 million to oppose obamacare-- cheryl: the company's name is attached to it name it, they are politically active, go in and protest for opposing obamacare. >> at the same time, though, the companies, though, it's obvious, don't you think, what the companies or what issues, if you will, what they oh pose and say say i'm not going over so many employees because of obamacare. >> did you see ceos oppose obamacare? some did on the margins. >> some came out. >> a couple of them, but you didn't hear, like, big companies on wall street oppose obama care outwardly, and, you know, they do it through the trade organization, which, you know, gives them cover, maybe not totally disclosing, but the trade association is going with this, and what's scary about it is why is this disclosable event
3:31 pm
per the sec, the securities exchange commission, which i think what the activists, and what are the activists? the actists are unions. activists are investors considered activist investors, but with a distinctly political agenda like social justice. things like that are becoming powerful and much more active. listen, yesterday, asked me came out and said they want to split the chairman and ceo role at j pmorgan. that's them puts jamie's feet to the fire saying if you don't do this -- well, i bet you ashley doesn't think they win, but they want something in return. that's what's coming here: we'll be reporting about this more and more as the days go by. there is a political agenda with the activist investors. there's two types of actors. there are the bill akmans who want the stock up, but they want the stock up. there are these activists who
3:32 pm
ask me, sciu, the dominee funds, they are out there who are in there essentially to get a political agenda to force corporate america out of politics. >> this is like your specialty, backroom dealing. you find the deal. this is what's great about you. >> it's the con fliewns of politics and wall street, and it will be a big story the rest of the year. >> charlie, thank you very much. 30 minutes until the bell rings on thursday. see if industry plays a role in growing the farm economy and feeding the world. its fertilizers used for corn, and right now, business is good. a record year for sales and earnings. what can they do for an uncore to keep shareholders happy? talking about that with the ceo, steve wilson, straight ahead in a fox business exclusive interview. ♪
3:33 pm
dad, i'd put that down.
3:34 pm
3:35 pm
3:36 pm
ah. 4g, huh? verizon 4g lte. 700 megahertz spectrum, end-to-end, pure lte build. the most consistent speeds indoors or out. and, obviously, astonishing throughput. obviously... you know how fast our home wifi is? yeah. this is sically just asast. oh. and verizon's got more fast lte coverage than all other networks combined. it's better. yes. oh, why didn't you just say that? huh-- what is he doing?
3:37 pm
>> shares are moving higher today, ahead of its first quarter earnings report after the bell for hp, shares were down 25% since whitman took over as ceo of the company back in september 2011. they expect earnings of 71 crepts a share. watch out for pca printer sales as large cost reductions may not offset falling sales. access channel inventory may be a large concern for the quarter. watch for the inventory numbers.
3:38 pm
finally, reports circulating there may be another attempt in the mobile device market with an android based tablet or smart phone. we'll look for confirmation of the reports. for coverage, don't miss "after the bell," and we continue "countdown to the closing bell" with cheryl casone. ♪ cheryl: all right. two companies dropping keeping the dow in the red now. the big board, if we can, down 28 points, 13898, why does it matter? we brought back a lot of the losses throughout the afternoon so we're well off session lows and back down 29, but, again, not, you know, down triple digits at this point, good to see. 13898 #. bringing back in nicole from the floor of the new york stock exchange to give us back and forth of the afternoon session. >> that's right. we were down 108 points yesterday, down over 90 points
3:39 pm
today, and you can blame, right now the moves we see to the downside, caterpillar, wow, nice and big, 1.7% to the downside. excuse me. caterpillar and home depot, together, are accounting for 27.5 negative dow points. basically, the dow, without these two names, would actually be flat for the day here. we've, ofng, watched the two names under pressure. home depot downgraded today, and cat caterpillar, one of the industrials a lagger because of the weak fed numbers. that's what we looked at today, those two names weighing on the dow. cheryl: we'll see if we can get to the break even point. nicole, thank you very much. we told you about the story yesterday on this show, oil prices falling. over the last couple of days, but prices at the pump continue to take off, and the refiners are not helping matters. in fact, they are shutting down refineries. what gives here? jeff flock has more of the story
3:40 pm
from ipse. -- indiana, jeff? >> like the one behind us, the bp whiting refinery, whiting, indiana, in the midst of a $4 billion plan to upgrade and process canadian crude oil. it's a process that operates process that shuts the plant down and shut down much of the capacity. more about where else that shut down in a moment, but i'll tell you, right now, if they process western canadian crude, that's trading at a $26 differential, to say less than wti. that's why they are doing it, but it's not helping gas prices in the short term. as you reported here yesterday, take a look at the stocks of the refiners. they are doing real well right now because the margins are improving. there's less product out there and consequently, they charge more for it. there's holly frontier, stocks up 20%, 30%, and 16% year to
3:41 pm
date. contrast that with the overing all the big oil companies that do it all like the bps, exxon mobiles, and bp down 2% year to date, and exxon mobile, and heses is up, but hess just exited the business with the port redding shutdown in new jersey at the em of the month. that's a piece of capacity out of the system. that one along with, as we report here, this one, the bp plant, as well as motivas plant in port author, texas, plants on the west coast in maintenance or shut downright now, cheryl, not helping the price of gas. leaving you, perhaps with to say, you know the typical gasoline that we look at all the type, that's down today, but it's not making it to the pump yet. cheryl: right. gasoline in particular trades off with the brent contract, not
3:42 pm
wti, but the other thing is, and you know the sorry, that we have domestic energy production jumping, you know, double digit percentages over the last year, and that's supposedly going to continue to head higherment i think many americans are wondering why gas prices are still where they are. >> someday, someday it'll be better. cheryl: good point. whiting, indiana, jeff, thank you very much. >> well, if you want a way to invest in the agricultural market, but you don't have the stomach for volatile corn futures, consider a second derivative play. cf industries perfect example of this, north america's largest maker of nitrogen fertilizer. they are coming off a record near in 2012 for earnings and sales. the stock up 11% over the past year. stive -- steve wilson, the cf ceo, and you finished on a strong note, and earnings show that. it was the top line here on the revenue side that left some head
3:43 pm
scratching out there. what can you tell us? >> well, we actually had roughly flat revenue year over year. we had $6 billion in sales last year in 20 # # 11, and six billion in 2012. we have strong margins in the business. earnings before interest, taxes, and depreciation compared to net sales, over 50%. the cash conversion is strong, and we had similar performance in the fourth quarter. cheryl: okay, you finished off the year strong, and now you look into 20 # 13. the crystal ball, i think, is tougher for you than other companies because the weather plays a factor, obviously, for you, but it's really the second half the 2013. what do you think happens? i know you were not forthcoming about what you expected there, again, because of the weather, but what's the math show you? what's your accuweather forecast tell you about the second half the 2013? >> well, the fundamentals in the
3:44 pm
ag space are strong globally and in the u.s.. we have low stocks to use ratios in the grains, particularly for corn, which means that the world needs corn. that's why corn prices are as high as they are. those fundamentals are likely to be sustainable, regardless of the size of crop we have in 2013. the first half, of course, has a lot to say about what the second half will be, the amount of inventory that produccrs in our business have coming out of the first half will lead to the degree of pricing strength going into the second half, but we feel very, very positive about the long term fundamentals in the business. cheryl: okay. again, the weather forecasts, i mean, it's tough to get that straight. obviously, the first half gives you a sense for your company. also, nitrogen projection, natural gas plays a big piece about the costs you incur.
3:45 pm
i think those lower natural gas prices are helpful for the company, how close are you watching the contract? can you forecast a little bit of how it affects you the rest of the year? >> well, we watch natural gas costs very closely. today, natural gas costs are about 70% of the cash cost of making ammonia, our first stage in nitrogen fertilizer product. our -- our use of natural gas, we're probably one the biggest consumers of natural gas other than for conversion into energy watching it closely and happy with what american shale gas producers have done to bring new supply into the marketplace. today, we have one of the lowest cost producers of nitrogen fertilizers in the world. consequently, we've made a decision to invest $3.8 billion in capacity expansions, one of
3:46 pm
which is in louisiana, one of which is in iowa. we're on the way to putting those plants in place. that's to capitalize on the cost advantage that we have by being in north america. cheryl: interesting. i'm going bullish on the second half of 2013 considering the expansion activity. steve wilson, thank you very much, cf industries holdings chairman and ceo. thank you very much for being here, appreciate it. >> thank you, cheryl. cheryl: closing bell ringing with 16 minutes to go. a flood of activity this year, but more deals to come? how do you ensure the portfolio is ahead of the trade as it happens, bringing in the guru, fred lain coming up next in a fox business exclusive. always great to talk to him. ♪ @í
3:47 pm
3:48 pm
3:49 pm
3:50 pm
3:51 pm
cheryl: the amount of money going into mergers and acquisitions so far this year is at the highest level since 2005 with the announcement of yet another deal, a big one, between office depot and office max. will the flood gates open more? let's ask the vice chairman of the investment banks joining me now from boston. hi, fred, how are you? >> good, how are you? cheryl: i want to ask about office depot and office max. did the deal make since to you? a better sign of things to come? >> i have a long history with staples going back to the founding investor of the company. this is an industry that i keep a close tab on and watch, and this deal is of tremendous benefit to the industry as a whole, because there's too many stores in the industry, too much
3:52 pm
capacity. it's a great value to each company, both depot and max since they estimate half a billion or more in savings, and their combined market capitalization is estimated two and a half billion. that's giving some create to -- assuming it trades off a bit. it's a tremendous benefit to the two shareholder groups despite uncertainties on who is the ceo, where's corporate headquarters going to be. that's con founding. from a staple's view point, it's tremendous as well. it takes up more stores r and staples will benefit over the next 12 months over the integration woes, integration complexities that go with the deal of this size. it's great for the industry. it's good for all three share shareholder groups. >> all the real estate, but, again, they are in the same business. there's a lot of other sectors with speculation rooght now about potential mna and, you know, consumers r and the other
3:53 pm
groups high on the radar now, and technology, that's an obvious one, always activity in the technology sector, but, also, in the health care sector now, telecom, where's the most activity, and are you bullish? >> my forecast says it will continue to be across all sectors. we did an internal survey about that this morning, and we kind of examined where are we busy? it's across all sectors. the energy business as busy as it's ever been, consolidation beginning on in that space, financial services is a little less busy than it's been, still busy, a lot of banks out there, technology services, technology -- health care continues to be and will continue to be an area of consolidation, in part because the health care space, like the technology space, like the technology services space, and to some extent, the consumer and retail space is all about new business creation and new business, you know,
3:54 pm
consolidation, and, frankly, chaotic disruption. cheryl: what's fascinating, in this environment over the last five years in particular, companies have a choice -- be acquired or private equity takes them private. they get away from the public market. do you have aceps we're going to see more -- a sense we're going to see priefty equity deals like dell tired of dealing with public analysts and financial reporters. do you think that's going to happen? >> at rayman james, our coverage business is seeing a lot of pressures on private equity firms to put out money, and, also, to clean up and monetize older portfolio companies. you know, these firms tended to have slow 2008, 2009, and ten periods. that was almost three years lost, not literally, but there was a lot of lost opportunity for obvious reasons, partly because the credit markets were shut down during part of that
3:55 pm
period, and, so, what's the result? the result is they are under pressure to put money out and there's a lot of pressure to monetize investments they have, and, remember, funds that they had in place in 2009 and 2010 and 2011 are three years old, four years old, or five years old. those funds have to be put to work because they have a limited duration. i think the thing they come to understand, and, certainly, the limited departments do is hurl rates of return that declined. cheryl: i have to tell you, u.s. airways and american, we'll be left with one airline in that activity. never ends. fred, thank you very much. we got breaking news. >> thank you, appreciate it. cheryl: citigroup, a "wall street journal" report crossing. according, executive profit sharing plan, the one that drew investor anger, frankly, and this source is talking to the journal, working to confirm it
3:56 pm
this here at fox business, but citigroup allows the profit sharing plan to expire next year. you know, the company trying to avoid a repeat of the pay defeat as well. some citigroup investors were vocal that's a sticking point that pressured the stock as well. headlines crossing from the "the journal," and we're working on "closing bell" six minutes away. the doalw's down 53. we'll be right back. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. i don't have to leave my desk
3:57 pm
and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class. priority mail. certified. international. and the mail manicks it up. i don't leave the shop anymore. [ male announcer ] get a 4 week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. you are gonna need a wingman.
3:58 pm
and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. ♪
3:59 pm
[ male announcer ] this is karen anjeremiah. they don't know it yet, but they' gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >> welcome back, sandy smith is here in place of liz. thank you for filling in. to nicole to talk about tesla. there were a lot of fights going on yesterday about whether the analysts were overly optimistic. clearly, they were. there were

109 Views

info Stream Only

Uploaded by TV Archive on